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But, according to their data very very few restaurants were temporarily closed or permanently closed. The two most impacted cities were 7.9 and 8.2 closures per
by ac29 6y ago
But, according to their data very very few restaurants were temporarily closed or permanently closed. The two most impacted cities were 7.9 and 8.2 closures per thousand (so, less than 1%).
I was under the impression restaurants were a sufficiently difficult business that new restaurants failed at a pretty high rate (a quarter withinin a year, half within 3 years, per this source: https://www.restaurantowner.com/public/Restaurant-Failure-Rates-Recounted-Where-Do-They-Get-Those-Numbers.cfm https://www.restaurantowner.com/public/Restaurant-Failure-Ra...). Given this, I'm not sure this <1% permanent closure rate is that unusual.